Real Estate Investment Trusts - The small print takes its toll

When the Chancellor announced in the pre budget report in December that Self Employed Pension Plans (SIPPs) and Small Self Administered Schemes (SSAS) would not, as previously told be able to invest in residential property, there was outrage in the pensions industry. Mr Brown instead told the industry that SIPPs and SSASs could instead invest in new vehicles called Real Estate Investment Trusts.